The Software-Defined Networking (SDN) and Network Functions Virtualization (NFV) market is expected to grow at a CAGR of 71.4% during the forecast period

The market for SDN and NFV is expected to grow from USD 3.68 Billion in 2017 to USD 54.41 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 71.4%. The increasing evolution and demand in mobility, the increased network complexity and varied traffic pattern, and the surge in demand for cloud service, data center consolidation, and server virtualization are the major factors driving the growth of the global SDN and NFV market.

The governance and security standards, coupled with the lack of knowledge among end-users and enterprise, and the difficulty in balancing SDN with the traditional technology are acting as the obstacles for the growth of the SDN and NFV market.

Large enterprises segment is expected to have the largest market share during the forecast period

Large enterprises have large network infrastructures and they rely on networks to carry out their daily business activities and coordinate with their other geographically spread out assets. SDN solutions provide a cheaper way to manage the entire network from a central location and provide real-time bandwidth management of the network to deliver critical business applications at higher speeds.

North America is expected to have the largest market size during the forecast period

North America is expected to have the largest market size during the forecast period. Factors, such as the growth of innovative technologies, including cloud computing, mobility services, virtualization of network, and Bring Your Own Device (BYOD) are driving the adoption of SDN and NFV in the region. Moreover, the region is witnessing the development of favorable standards and networking regulations for boosting the SDN and NFV market. Another factor contributing to the advancement of SDN and NFV in the region is high industrialization. North America is a major region for the growth of the SDN and NFV market, and is expected to continue being so in the future. The region has gained a lot of momentum in SDN and NFV-related technologies, such as NFV.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people.

The SDN and NFV market has been segmented on the basis of basis of components. The solutions segment is further segmented into software and physical appliances; where the software solutions consist of software controller and application software, while the physical appliance segment consists of router and switches; the application software is further segmented into network security, load balancing, and others (orchestration, and virtual core and aggregation); services segment is segmented into integration, training and consulting, support and maintenance, and others (mobility and datacenter services). The end-user segment is segmented into telecommunication service providers, cloud service providers, and enterprises. The enterprises segment is further segmented into organization sizes and verticals. The organization sizes segment is categorized into Small and Medium-Sized Businesses(SMBs) and large enterprises; whereas the verticals are segmented into healthcare, Banking, Financial Services, and Insurance (BFSI), consumer goods and retail, government and defense, IT Enabled Services (ITES), manufacturing, telecom and IT, and the other verticals, which include academia and research, energy and utilities, and tourism and hospitality, and the regions include North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.

SDN and NFV revolutionize the existing networking and data center infrastructure. SDN, combined with the innovative idea of NFV, eliminates physical infrastructure limitations of networks. This offers a cost-effective, application-centric networking approach, with an aim to lower down the operational cost, thereby reducing latency and resulting in efficient network traffic management.

The report will help the market leaders and new entrants in the SDN and NFV market in the following ways:

The report segments the market into various sub segments; hence it covers the market comprehensively. It provides the closest approximations of the revenue numbers for the overall market and the sub segments.

The market numbers are further split across different regions.

The report helps in understanding the overall growth of the market. It provides information on the key market drivers, restraints, challenges, and opportunities.

The report helps in understanding the competitors better and provides more insights to strengthen the organization’s position in the market. The study also presents the positioning of the key players based on their product offerings and business strategies.

Figure 1 Software Defined Networking Market: Research DesignFigure 2 Breakdown of Primary Interviews: By Company, Designation, and RegionFigure 3 Market Size Estimation Methodology: Bottom-Up ApproachFigure 4 Market Size Estimation Methodology: Top-Down ApproachFigure 5 Data TriangulationFigure 6 North America is Expected to Hold the Largest Market Share in 2017 and Asia Pacific is Estimated to Grow at the Highest CAGR during the Forecast PeriodFigure 7 Global SDN and NFV Market (2015–2022)Figure 8 SDN and NFV Market Size, By Component: Solutions Segment is Expected to Have the Highest CAGR During the Forecast PeriodFigure 9 SDN and NFV Market Share, By Enterprise: Small and Medium-Sized Businesses Segment is Expected to Increase at A Higher CAGR During the Forecast PeriodFigure 10 SDN and NFV Market Size, By Vertical: Manufacturing Segment is Expected to Witness the Highest CAGR During the Forecast PeriodFigure 11 Emerging Economies are Expected to Offer Attractive Market Opportunities in the Software Defined Networking Market During the Forecast PeriodFigure 12 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast PeriodFigure 13 Telecommunication Service Providers and North America are Expected to Have the Largest Market Shares During the Forecast PeriodFigure 14 Asia Pacific is Expected to Grow Exponentially During the Forecast PeriodFigure 15 Software Defined Networking Market: Drivers, Restraints, Opportunities, and ChallengesFigure 16 Solutions Segment is Expected to Exhibit the Highest Growth Rate During the Forecast PeriodFigure 17 Software Solution is Expected to Exhibit A Higher Growth Rate During the Forecast PeriodFigure 18 Software Controller is Expected to Exhibit A Higher Growth Rate During the Forecast PeriodFigure 19 Support and Maintenance Services Segment is Expected to Lead the SDN and NFV Market During the Forecast PeriodFigure 20 Telecommunication Service Providers Segment is Expected to Show the Highest Adoption Rate of SDN and NFV Solutions During the Forecast PeriodFigure 21 Small and Medium-Sized Businesses Segment is Expected to Exhibit the Highest Adoption Rate of SDN and NFV Solutions and ServicesFigure 22 Manufacturing Vertical is Expected to Exhibit the Highest Adoption Rate of SDN and NFV Solutions and Services During the Forecast PeriodFigure 23 Asia Pacific is Expected to Have the Highest CAGR During the Forecast PeriodFigure 24 North America is Expected to Have the Largest Market Size During the Forecast PeriodFigure 25 North America: Market SnapshotFigure 26 Asia Pacific: Market SnapshotFigure 27 Software Defined Networking Market (Global) Competitive Leadership Mapping, 2017Figure 28 Market Ranking for the SDN and NFV Market, 2017Figure 29 International Business Machines Corporation: Company SnapshotFigure 30 Cisco Systems, Inc.: Company SnapshotFigure 31 Hewlett Packard Enterprise Co: Company SnapshotFigure 32 Juniper Networks, Inc.: Company SnapshotFigure 33 Huawei Technologies Co., Ltd.: Company SnapshotFigure 34 NEC Corporation: Company SnapshotFigure 35 Brocade Communications Systems, Inc.: Company SnapshotFigure 36 Ciena Corporation: Company SnapshotFigure 37 Intel Corporation: Company Snapshot

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